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BEIJING China might further relax, or even scrap, restrictions on childbirth to avoid a “low birthrate trap”, an influential government think-tank has said, as the country debates how to avert a demographic timebomb. China’s birth rate, one of the world’s lowest, is fast becoming a worry for authorities, rather than the achievement it was considered at a time when the government feared over-population. Beijing formally allowed all […]

Gold has suffered its worst month since mid-2013, as the election of Donald Trump, the rising dollar and increased expectations of a US rate rise combined to send prices down 8.1 per cent in November. The fall to $1,173.20 per troy ounce marked the steepest monthly sell-off since June 2013, when the precious metal lost 11 per cent in the wake of the so-called taper tantrum. November’s […]

Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]

By Saikat Chatterjee | HONG KONG HONG KONG China’s factories notched their strongest growth in activity in two years and Japanese firms’ order books rose in November, masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally. Factory surveys produced stronger purchasing manager index (PMI) numbers in China, Taiwan and Vietnam, and while activity in Japan’s factories was still growing […]

Syrian rebel leaders are in secret talks with Russia to end the fighting in Aleppo, according to opposition figures, a development that shows how the US could become sidelined in some of the Middle East’s most pivotal conflicts. Four opposition members from rebel-held northern Syria told the Financial Times that Turkey has been brokering talks in Ankara with Moscow, whose military intervention last year on the side […]

By Michelle Nichols | UNITED NATIONS UNITED NATIONS The U.N. Security Council imposed new sanctions on North Korea on Wednesday aimed at cutting the Asian country’s annual export revenue by a quarter in response to Pyongyang’s fifth and largest nuclear test in September. The 15-member council unanimously adopted a resolution to slash North Korea’s biggest export, coal, by about 60 percent with an annual sales cap of […]

THOMSON REUTERS PRODUCTS Solutions for Corporations Eikon FX Trading World-Check One Enhanced Due Diligence Compliance Learning Org ID ONESOURCE Indirect Tax ONESOURCE Transfer Pricing ONESOURCE Global Trade Management […]

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By Henning Gloystein | SINGAPORE SINGAPORE Oil prices shot up more than 12 percent, smashing trading volume records, after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede as other producers stand by to fill the gap. The Organization of the Petroleum Exporting Countries (OPEC)agreed on Wednesday its first oil output reduction since […]

PITTSBURGH // You probably don’t know his name, but you’ve almost certainly devoured his creation: two all-beef patties, special sauce, lettuce, cheese, pickles and onions on a sesame seed bun. Michael James “Jim” Delligatti, the McDonald’s franchisee who created the Big Mac nearly 50 years ago and saw it become perhaps the best-known burger in the world, died on Monday at home in Pittsburgh. Delligatti, who according […]

Nestlé said it had found a process to naturally reduce sugar content by as much as 40 per cent in what the maker of Kit Kats claims is a first for the industry, as pressure to produce healthier drinks and snacks ratchets up amid an obesity epidemic. The world’s largest food and drinks company said on Wednesday that it was securing a patent for its innovation and […]

The shares of large US energy groups shot up to their highest levels since last July on Wednesday after Opec agreed to the first production cut since the 2008 financial crisis. The S&P 500 energy sector rallied 4.8 per cent in its biggest gain in 15 months. The rise came after the cartel struck a long-awaited pact aimed at reducing the glut of supply on global markets […]

OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years. Crude rose as much as 8.8 percent in London. OPEC will reduce output to 32.5 million barrels a day, Iranian Oil Minister Bijan Namdar Zanganeh told reporters in Vienna Wednesday. The breakthrough deal showed […]

SHARJAH // Soldiers, students, police and taxi drivers were just some of those calling into the Sharjah Blood Transfusion and Research Centre in the build up to National Day celebrations to give blood to those who need it most. The centre extended its opening hours from 8am to 8pm for the public holiday to encourage more people to visit the clinic and top up the nation’s blood […]

By Jack Kim and Ju-min Park | SEOUL SEOUL South Korean opposition parties vowed on Wednesday to push ahead to try to impeach President Park Geun-hye amid a growing influence-peddling scandal, rejecting her offer to resign, and called on members of her Saenuri Party to join them. In a dramatic move that shifted the burden of resolving the crisis engulfing her presidency, Park asked parliament on Tuesday […]

The first lawsuits by families of victims of last year’s crane crash in Makkah have been filed at a Saudi Arabian court, local media said on Tuesday. Five legal cases have been filed at the Summary Court in Jeddah, according to Saudi Gazette. The cases reportedly claim compensation after 110 people died and more than 200 others were injured when a crane involved in the redevelopment of […]

HANOI A high-profile Vietnamese activist on Wednesday lost a bid to overturn a 20-month jail term for protesting against illegal land grabs, her lawyer said, after a judge upheld a lower court ruling that had outraged human rights groups. Vietnam’s boom in real estate in recent years has spurred protests by small landowners evicted to make way for construction projects. Many say the evictions are illegal, with […]

The Australian Attorney-General’s Department (AGD) has advised that it expects the lifetime capital costs for telcos to comply with data retention obligations to hit the AU$198.5 million mark by the end of the 2016-17 financial year, the Australian Communications and Media Authority (ACMA) said in its Communications report 2015-16 [PDF] tabled in Parliament on Wednesday. (Image: ACMA) The estimate is based on costs submitted to AGD by […]

Privacy is the pull, but that’s hardly the only draw to a private island. There’s something about the prospect of having a world within the world to yourself – and the people you choose to have along with you there – that takes you back to the intense childhood fun of creating a secret hideaway. A den, a clubhouse, a place that feels like it belongs outside […]

United Nations Secretary-General Ban Ki-Moon addresses the Annual Conference of Swiss Developement Cooperation in Zurich, Switzerland January 22, 2016. On the screen behind are displayed the 17 goals of UN’s 2030 Agenda for Sustainable Development (Reuters/Arnd Wiegmann). Emerging Voices highlights new research, thinking, and approaches to development challenges from contributing scholars and practitioners. This post is from Niklas Kossow, communications officer for the European Union FP7 ANTICORRP […]

LONDON Britain’s new plastic five-pound notes, bearing the portrait of wartime Prime Minister Winston Churchill, have fallen foul of thousands of people who object to the use of animal fats in their manufacture. An online petition against the notes, started by campaigner Doug Maw, was signed by more than 13,000 supporters in less than 24 hours. “This is unacceptable to millions of vegans and vegetarians in the […]

I’m willing to bet that self-driving cars are not high on president-elect Donald Trump’s list of policy priorities in his first 100 days in office. He’ll likely be so overwhelmed with the immediate demands of his office and squaring his campaign promises with his party’s often-competing agenda that federal regulation of autonomous vehicles will be on the backburner for a while. But with autonomy accelerating […]

This Christmas, tuck into the turkey but go easy on the pudding. Britons are facing a jump in prices for traditional pudding ingredients as the Brexit vote has sharply weakened the pound. However, the cost of Christmas dinners is almost unchanged from a year ago despite a rise in pork and vegetables. The slumping pound has helped push up the cost of key ingredients for Christmas pudding […]

For six and a half years, Donald Trump battled fraud allegations against his now-defunct Trump University, claiming it duped students into thinking they’d get personal access to the real estate mogul and the secrets to his success. After both sides vowed to go to trial, the litigation settled for $25 million the week before Thanksgiving, days before a trial was set to begin in San Diego. As part of the […]

Apple’s iPhone is apparently the most coveted holiday item this year, according to a survey conducted by investment firm Piper Jaffray. While Apple stirred a bit of a controversy with its latest devices, particularly the iPhone 7 with no headphone jack and the MacBook Pro with redesigned (read: missing) ports, it still tops the holiday wish lists this year. Apple devices have always been in high demand, but it […]

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